CANADA STOCKS-TSX up with energy and industrials; SNC-Lavalin jumps 3.9 pct

Wed Dec 21, 2016 10:42am EST
 
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(Adds details on specific stocks, updates prices)

* TSX up 24.78 points, or 0.16 percent, to 15,317.74

* Six of the TSX's 10 main groups move higher

TORONTO, Dec 21 (Reuters) - Canada's main stock index rose in morning trade on Wednesday, its fifth minor gain in a row, helped by rising energy and industrial stocks, with construction company SNC-Lavalin jumping after winning an oil sands service contract.

SNC-Lavalin rose 3.9 percent to C$59.36. It said its subsidiary is part of a joint venture that won a five-year deal to supply engineering and procurement services to an unnamed "prominent integrated oil company" in the Athabasca region in Alberta.

The energy group meanwhile climbed 0.6 percent, with pipeline companies leading the group's gains.

Two environmental groups filed for a judicial review of the Canadian government's decision to approve Kinder Morgan's Trans Mountain pipeline expansion on Tuesday, the first legal challenge to the project since it received the green light last month.

At 9:52 a.m. EDT (1452 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 24.78 points, or 0.16 percent, to 15,317.74.

Six of the index's 10 main groups were in positive territory, with advancers outnumbering decliners by a 1.80-to-1 ratio.   Continued...